FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Sterling National Bank Syndicates $80MM Credit Facility for Electronics Distributor

May 06, 2021, 07:07 AM
Filed Under: Distribution

Sterling National Bank's Asset Based Lending Group collaborated with Sterling’s Syndications Group to structure an $80,000,000 syndicated ABL line of credit among three lenders to an electronics distributor.

The credit facilities will be used to support the company’s revenue growth and higher working capital needs. This client relationship is managed by Neal Landerer, a Director located in Sterling’s New York office.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.